Accor is withdrawing a dividend payment of €280 million for financial 2019 in the wake of the coronavirus pandemic. The company said, today, more than half its branded hotels worldwide are closed, with the figure likely to rise to over two thirds in the coming weeks.
Following a period of growth in the number of hotel signings and brands entering the UK market, Accor has expanded its development team. Both Freddie Greenall and Georgina Liggins have been appointed to the role of UK & Ireland development manager.
Accor is bringing the Fairmont brand to Ireland with the signing of the historic Carton House. In partnership with the owner, Belmullet Hospitality Group, a United States-based investor in luxury property, the hotel will now be managed by Fairmont.
Accor has reported strong financial results for 2019, with revenue up 3.8 per cent on a like-for-like basis to €4,049 million. However, the company recorded a sharp fall in RevPAR in China following the coronavirus outbreak.
The new card will offer members tailored rewards based on customer preferences and the ability to earn more loyalty points when staying at an Accor property or when making purchases.
Accor has appointed the Brighter Group, a Finn Partners Company, to implement its UK PR strategy. The deal will cover three of the giant’s hotel brands: ibis, Novotel and Mercure. The three hotels account for 238 of more than 260 hotels in the UK.
Hotel giant Accor has announced the disposal of Orbis, restructuring of Mövenpick hotels’ lease portfolio and a €1 billion shareholder return program as it completes a long-term overhaul of its operations.
Accor has further increased its footprint in the central Queensland market having acquired a franchise agreement with Mandala Asset Solutions for their recently purchased Mackay Marina Hotel.
Accor and Arora Group have announced the signing of a prestigious luxury hotel, Fairmont Windsor Park. The hotel is currently undergoing a substantial multi-million-pound redevelopment and is set to open in the second half of 2020.
Set amid 18 hectares of lush tropical flora and fauna on the Gaafu Alifu Atoll, Pullman Maldives Maamutaa Resort has opened its doors as the first Pullman property in the Maldives.